Enhanced Multiset Consensus Protocol Based on PBFT for Logistics Information Traceability

Zhang, Linchao; Lei, Hang; Kim, Do‐Hyeun

doi:10.1155/2023/1525998

Cited by 4 publications

(1 citation statement)

References 34 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Additionally, the use of blockchain in supply chain finance platforms has been shown to impact the cost, quality, speed, risk management, and continuity of supply chain management, ultimately benefiting all parties involved (Wang, 2022). Moreover, the integration of blockchain technology into logistics service supply chain information platforms has been demonstrated to enhance traceability and security through consensus algorithms (Zhang et al, 2023).…”

Section: Blockchain In Global Supply Chainsmentioning

confidence: 99%

Blockchain in global supply chains: A comparative review of USA and African practices

Emuesiri Ejairu,

Noluthando Zamanjomane Mhlongo,

Olubusola Odeyemi

et al. 2024

Int. J. Sci. Res. Arch.

View full text Add to dashboard Cite

In the contemporary landscape of international trade, the adoption of blockchain technology in global supply chains has garnered significant attention. This comparative review delves into the practices of the United States and African countries, examining the implementation, challenges, and potential benefits of blockchain in enhancing supply chain efficiency. The United States, as a global economic powerhouse, has been at the forefront of integrating blockchain into its supply chain processes. The American approach emphasizes transparency, traceability, and accountability. Blockchain technology provides a decentralized and immutable ledger, enabling seamless tracking of goods from their origin to the end consumer. The use of smart contracts automates and streamlines contractual agreements, reducing paperwork and minimizing delays. While the adoption in the USA is relatively widespread, challenges include the need for standardized protocols, regulatory frameworks, and overcoming resistance to change within established systems. In contrast, the African continent presents a diverse and evolving landscape in the adoption of blockchain within supply chains. Several African nations have recognized the potential of blockchain to address longstanding issues such as counterfeit goods, fraud, and inefficiencies in logistics. Blockchain offers a decentralized solution that can empower local producers and facilitate international trade. However, challenges in Africa include limited technological infrastructure, varying levels of regulatory frameworks, and the need for capacity building. Collaborative efforts between governments, private sectors, and international organizations are essential to overcoming these obstacles. Both the USA and African countries stand to benefit from blockchain adoption in global supply chains. Increased transparency reduces the risk of fraud and enhances trust between stakeholders. The immutable nature of blockchain records ensures data integrity, contributing to the overall resilience of the supply chain. However, successful implementation requires a nuanced understanding of local contexts, regulatory frameworks, and technological capacities. This comparative review serves as a foundation for future research and policy development, shedding light on the dynamic landscape of blockchain adoption in global supply chains across diverse socio-economic environments.

show abstract

Section: Blockchain In Global Supply Chainsmentioning

confidence: 99%